Mathematics, 18.02.2021 22:40 xojade
Given the following loan information: Principal balance: $5000. 4-year term, 12% interest rate with a monthly payment of $131.67; what do you think will happen to the monthly payment if the interest rate was 15%?
A) There is not enough information given
B) The payment will go down
c) None of the above
D)The payment will go up
Answers: 1
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Given the following loan information: Principal balance: $5000. 4-year term, 12% interest rate with...
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